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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $66.0M, roughly 1.1× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 26.8%, a 12.6% gap on every dollar of revenue. SOLENO THERAPEUTICS INC produced more free cash flow last quarter ($43.5M vs $-12.0M).

Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

KPLT vs SLNO — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.1× larger
KPLT
$73.9M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
12.6% more per $
SLNO
39.4%
26.8%
KPLT
More free cash flow
SLNO
SLNO
$55.4M more FCF
SLNO
$43.5M
$-12.0M
KPLT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KPLT
KPLT
SLNO
SLNO
Revenue
$73.9M
$66.0M
Net Profit
$19.8M
$26.0M
Gross Margin
15.6%
98.3%
Operating Margin
-1.4%
33.5%
Net Margin
26.8%
39.4%
Revenue YoY
17.3%
Net Profit YoY
307.3%
134.0%
EPS (diluted)
$3.69
$0.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KPLT
KPLT
SLNO
SLNO
Q4 25
$73.9M
Q3 25
$74.0M
$66.0M
Q2 25
$71.9M
$32.7M
Q1 25
$71.9M
Q4 24
$63.0M
Q3 24
$60.3M
Q2 24
$58.9M
Q1 24
$65.1M
Net Profit
KPLT
KPLT
SLNO
SLNO
Q4 25
$19.8M
Q3 25
$-4.9M
$26.0M
Q2 25
$-7.8M
$-4.7M
Q1 25
$-5.7M
Q4 24
$-9.6M
Q3 24
$-8.9M
Q2 24
$-6.9M
Q1 24
$-570.0K
Gross Margin
KPLT
KPLT
SLNO
SLNO
Q4 25
15.6%
Q3 25
19.7%
98.3%
Q2 25
15.5%
97.9%
Q1 25
19.9%
Q4 24
11.8%
Q3 24
19.8%
Q2 24
16.9%
Q1 24
25.3%
Operating Margin
KPLT
KPLT
SLNO
SLNO
Q4 25
-1.4%
Q3 25
3.3%
33.5%
Q2 25
-2.0%
-20.0%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
Q2 24
-4.5%
Q1 24
5.8%
Net Margin
KPLT
KPLT
SLNO
SLNO
Q4 25
26.8%
Q3 25
-6.7%
39.4%
Q2 25
-10.9%
-14.4%
Q1 25
-7.9%
Q4 24
-15.2%
Q3 24
-14.7%
Q2 24
-11.7%
Q1 24
-0.9%
EPS (diluted)
KPLT
KPLT
SLNO
SLNO
Q4 25
$3.69
Q3 25
$-0.94
$0.47
Q2 25
$-1.63
$-0.09
Q1 25
$-1.23
Q4 24
$-2.17
Q3 24
$-2.05
Q2 24
$-1.61
Q1 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KPLT
KPLT
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$22.4M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$494.8M
Total Assets
$107.9M
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
SLNO
SLNO
Q4 25
$22.4M
Q3 25
$3.4M
$498.9M
Q2 25
$3.7M
$286.8M
Q1 25
$6.0M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$33.7M
Q1 24
$31.2M
Stockholders' Equity
KPLT
KPLT
SLNO
SLNO
Q4 25
$-38.1M
Q3 25
$-58.4M
$494.8M
Q2 25
$-54.1M
$240.1M
Q1 25
$-51.7M
Q4 24
$-46.8M
Q3 24
$-40.3M
Q2 24
$-32.9M
Q1 24
$-27.5M
Total Assets
KPLT
KPLT
SLNO
SLNO
Q4 25
$107.9M
Q3 25
$85.9M
$599.9M
Q2 25
$90.6M
$332.3M
Q1 25
$88.5M
Q4 24
$93.2M
Q3 24
$92.0M
Q2 24
$106.6M
Q1 24
$106.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KPLT
KPLT
SLNO
SLNO
Operating Cash FlowLast quarter
$-11.9M
$43.5M
Free Cash FlowOCF − Capex
$-12.0M
$43.5M
FCF MarginFCF / Revenue
-16.2%
65.8%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
-0.60×
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
SLNO
SLNO
Q4 25
$-11.9M
Q3 25
$4.0M
$43.5M
Q2 25
$-6.6M
$-12.6M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-628.0K
Q1 24
$2.0M
Free Cash Flow
KPLT
KPLT
SLNO
SLNO
Q4 25
$-12.0M
Q3 25
$4.0M
$43.5M
Q2 25
$-12.6M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-653.0K
Q1 24
FCF Margin
KPLT
KPLT
SLNO
SLNO
Q4 25
-16.2%
Q3 25
5.4%
65.8%
Q2 25
-38.6%
Q1 25
4.7%
Q4 24
-51.8%
Q3 24
-9.0%
Q2 24
-1.1%
Q1 24
Capex Intensity
KPLT
KPLT
SLNO
SLNO
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
KPLT
KPLT
SLNO
SLNO
Q4 25
-0.60×
Q3 25
1.67×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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